1992-02-14 15:53 INFORMATIUN SERVICES VERT
UDE JET
-2-
only from
The review
review says the Hong Kong economy should benefit not increasing China-related capital and trade flows but also from growing Chinese investment and spending in Hong Kong.
RETAIL SALES UP 19%
bolstered by
for
Retail sales continued to grow strongly in November, Improving confidence in Hong Kong's economy and increased demand jewellery and motor vehicles.
Figures released by the Census and Statistics value of total retail sales was estimated at HK$11.7 billion billion), up 19.3 per cent over November 1990.
Department show the (US$1.5
total retail
After adjusting for price increases over the period, sales rose by 12.7 per cent in volume terms.
a
The marked
high level of increase in sales was due mainly to consumer spending on clothing, jewellery, watches and motor vehicles.
EXTERNAL TRADE RESULTS
Hong Kong's re-exports grew by 25 per cent in the first 11 months 1991, but the volume of domestic exports showed virtually no growth in the same period, according to figures from Census and Statistics.
of total exports
However, taking the figures together, the volume increased by 16 per cent, while imports rose by 18 per cent.
volume
On a monthly basis, the statistics show that for November, the of domestic exports fell by seven per cent over the same month in
Imports increased by 1990, while re-exports grew by 20 per cent. per cent.
12
HK DOLLAR DEPOSITS UP
by more the
Hong Kong dollar deposits with authorised institutions grew than 16 per cent in 1991, broadly in line with the growth rate of CDP in money terms.
At the end of December, Hong Kong dollar deposits totalled HK$604 billion (US$77.4 billion), a rise of 16.2 per cent over the previous December. US dollar deposits at US$311.4 billion were up 5.6 per over a year earlier.
Hong Kong dollar loans at the end of the year amounted billion (US$93 billion), up 19 per cent.
cent
to
HK$723.8
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